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IN RE KINGBROOK DEVELOPMENT CORP.

No. 00-14487 B.

261 B.R. 378 (2001)

In re KINGBROOK DEVELOPMENT CORPORATION, Debtor.

United States Bankruptcy Court, W.D. New York.

April 20, 2001.

Attorney(s) appearing for the Case

Joseph G. Pelych, Hornell, NY, for debtor.

Lacy, Katzen, Ryen & Mittleman, LLP, David MacKnight, of counsel, Rochester, NY, for Kingbrook Funding LLC.

Christopher Reed, Buffalo, NY, Assistant U.S. Trustee.

CARL L. BUCKI, Bankruptcy Judge.

When it filed its petition for relief under Chapter 11 of the Bankruptcy Code, Kingbrook Development Corporation was a co-owner of 1,240 contiguous acres of land in Yorkshire, New York. In its application to extend the time to file schedules, the debtor represented to the court that "it was in the business" of developing "a four seasons recreational area in Western New York State." More than seven months have now transpired since the...

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